iRV2.com RV Community - Are you about to start a new improvement on your RV or need some help with some maintenance? Do you need advice on what products to buy? Or maybe you can give others some advice? No matter where you fit in you'll find that iRV2 is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with other RV owners, see fewer ads, upload photographs, create an RV blog, send private messages and so much, much more!

I did a home equity loan on my house. That wouldn't be an option if you no longer own your home and are full timing. I would think that a bank that is local to the RV lot would loan a percentage of the lots appraised value but probably not 100%.

We have been investigating this in Polk City. Our information indicates that at least in this area there is a bank that will finance lots with only a pad on them (as opposed to a fully functional house) for 75% of appraised value, 10 years @ 5.4%.

I purchased an RV lot at Silver Lakes RV and Golf Resort in Naples, FL in 2005. Fifth Third bank gave me a 25 year loan at the time. But that was the time everybody and anybody got mortgages. It still may be worth while to see if they still offer that plan. At that time it was no money down and points on the mortgage and the appraisals were out of wack. I paid too much and after the bubble burst I was really upside down. Now that I paid off some of it and the properties have increased in value I'm about even. I hope to sell it in 4 years and maybe come out on the positive side. Hope this helps.

Where in the Keys are you purchasing? The reason we left the keys and went to Naples is because in 2005, all of the campgrounds that offered rentals were purchased by one family to have condo's built on them. For years we stayed at America Outdoors at mm 97. When John Edwards the owner broke the news to me that he sold the place, we scrambled for a place to park our newly purchased 38ft fifth wheel and 22ft boat. We panicked and bought in Naples. If I had to do it over again, I would never own. In most places you can find rentals that are affordable and you don't have the worry of selling when time comes or you just had enough and change your mind.

...If I had to do it over again, I would never own. In most places you can find rentals that are affordable and you don't have the worry of selling when time comes or you just had enough and change your mind.

The only reason we are looking into buying a lot with a house on it is that we like the area and after the RV is gone, we have a house we will still want to live in. Otherwise, after our relatively short experience in this matter we would just rent. Heck, we may still just rent and look for a S&B.